Yardi buys flex office marketplace Hubble

Yardi, the proptech company that owns a majority stake in WeWork, has acquired Hubble, the UK’s largest flexible workspace marketplace. Hubble lets users book desks and rooms as well as renting full- or part-time offices on flexible contracts. “The last decade building Hubble into the UK’s leading flexible workspace marketplace has been an incredible journey. Now, with Yardi, we’re excited to accelerate our growth and enhance the value we deliver to customers,” said Tushar Agarwal, chief executive and co-founder of Hubble, and a former EG Rising Star. “As a business, our vision has always been to enable businesses to find workspace solutions that are accessible and adaptable to their teams’ unique ways of working. We’re incredibly excited to continue to realise our vision with Yardi. This acquisition enables us to scale our platform, provide access to more inventory worldwide, and create seamless booking and office search experiences for our customers.” Robert Teel, president of Yardi Global Solutions, added: “We are excited to build a global infrastructure to connect office users with space from the best office owners and co-working operators. The Hubble team brings a wealth of customer and industry knowledge about flexible marketplaces to help us service this evolving customer need.”